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CRE Insurance
Reserve redundancies running out but do not pose immediate risk
The significant reserve releases by insurers and reinsurers in recent times to bolster earnings in the absence of healthy investment returns do not pose an immediate threat of sudden reserve…
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CRE Insurance
Pressure mounts for rate hardening in risk transfer industry says Moody’s
The low interest rate environment, depletion of the reserve cushion and moderation in the supply and demand imbalance fuelled by the recent natural catastrophe losses have all provided strong momentum…
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CRE Insurance
Rate hardening or outlook downgrade?—AM Best
Whilst AM Best’s rating of the global reinsurance segment remains stable the firm said it is taking a wait and see approach on whether potential further catastrophe losses, worsening economic…
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CRE Insurance
Buyers must be prepared to pay for extended BI cover—Hannover Re
Ulrich Wallin, Chairman of the Executive Board of Hannover Re, suggested this week that appetite for extended business interruption coverage for insurers and their corporate customers following the Japanese earthquake…
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CRE Insurance
Willis’ Sullivan says advances in modeling could end volatile market cycles
In a keynote speech at the Monte Carlo Rendez-vous this week Martin Sullivan, Deputy Chairman of Willis Group and CEO of Willis Global Solutions, argued that due to advances in…
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CRE Insurance
Reinsurers must work hard to reclaim US casualty business—Aon Benfield
Reinsurers missed a big opportunity in US casualty business after 2004 as they viewed the line more pessimistically than the primary market and lost significant potential profit as a result.
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CRE Insurance
Best practice guide on supply chain management launched by SCRLC
With supply chain disruption at the forefront of many risk managers’ minds following the recent Japanese earthquake and other global disasters the Supply Chain Risk Leadership Council (SCRLC) has published…
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CRE Risk Management
IRM launches new guidance on risk appetite
The IRM has launched a new guidance paper on the subject of risk appetite that aims to help risk professionals and their boards to achieve their strategic objectives and comply…
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CRE Insurance
Solvency II to shake up insurance market and cause exits–PwC
Solvency II is expected to force insurers and reinsurers to reassess their product mix and exit certain markets, according to a PwC run-off survey.
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CRE Insurance
Solvency II: French insurers turn focus to governance
Ensuring companies can adapt to the Pillar II requirements of Solvency II is the main challenge facing the French insurance industry as the deadline to comply with the regulatory regime…
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CRE Insurance
Insured cat losses for H1 $70bn and second highest on record—Swiss Re
The catastrophe losses in the first half of 2011 cost the insurance industry $70bn according to Swiss Re figures. 2011 will witness the highest earthquake losses ever recorded and already…
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CRE Insurance
Risk distribution survey 2011
Europe’s corporate insurance brokers need to step up efforts to broaden and deepen their global expertise and capabilities if they are to avoid becoming increasingly irrelevant, according to Commercial Risk…
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CRE Risk Management
Libyan revolution opens doors to foreign investment
The overthrow of the Qadhafi regime in Libya will lead to real opportunities for certain foreign companies and investors in the North African state, but they will come with a…
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CRE Insurance
Recent prominent incidents highlight supply chain risks
When the acid tanker ‘Waldhof’ capsised on the river Rhine near St Goarshausen in January 2011 and the river was temporarily closed as authorities inspected the damage, nobody expected the…
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CRE Insurance
Time to cross the Rubicon?-Comment
The decision to carry out our first survey of Europe’s leading brokers was a brave one given the scale of the task but one that proved to be well worth…
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CRE Insurance
A cunning plan-Andrew Kendrick
Adrian Ladbury talked to Andrew Kendrick, CEO and Chairman, ACE European Group, about the group’s plans for expansion in Europe.
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Association News
Forum set to be platform for education progress
With risk management increasingly in the spotlight following the credit crunch of 2008 and other high profile incidents ranging from the Icelandic volcanic ash cloud to the numerous catastrophic events…
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CRE Insurance
Renaissance man-Martin Sullivan
Martin Sullivan recently took on the role of Deputy Chairman of global broker Willis and Chairman and CEO of a new business unit, Willis Global Solutions, that was created to…
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CRE Insurance
Broker, insurer and reinsurer results analysis
CRE's analysis of the first half of this years' results, as reported by brokers, insurers and reinsurers. Please click on the links below to access each analysis.
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Association News
inex24 reports rising interest at home; opens international talks
Interest in inex24, the web-based collaboration platform for the industrial insurance sector, is fast-rising among German insurance managers after news broke that ThyssenKrupp is the first customer to successfully arrange…
